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2020 (4) TMI 681 - AT - Income TaxLevy of penalty u/s 271(1)(c) - defective/illegal notice - whether for concealment of particulars of income or furnishing of inaccurate particulars of income is illegal? - HELD THAT:- Penalty so imposed and sustained on the basis of such defective notice issued u/s 271(l)(c) which did not specify the particular limb of sec. 271(l)(c) i.e. whether it is for concealment of particulars of income or furnishing of inaccurate particulars of income, is illegal and that in view of ratio laid down in the case of Manjunath Cotton and Ginning Factory [2013 (7) TMI 620 - KARNATAKA HIGH COURT] and followed in the cases of Shri Sachin Arora & Others [2018 (3) TMI 1026 - ITAT AGRA]. - Decided in favour of assessee.
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